KBC Group NV Boosts Stake in S&P Global Inc. (NYSE:SPGI)

KBC Group NV boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 368,174 shares of the business services provider’s stock after purchasing an additional 68,109 shares during the period. KBC Group NV owned about 0.12% of S&P Global worth $183,361,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. HWG Holdings LP bought a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global during the third quarter valued at about $27,000. First Personal Financial Services bought a new stake in S&P Global during the third quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. boosted its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.0 %

Shares of NYSE SPGI opened at $513.64 on Monday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a 50-day simple moving average of $505.03 and a two-hundred day simple moving average of $503.09. The company has a market cap of $159.38 billion, a P/E ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts anticipate that S&P Global Inc. will post 15.33 earnings per share for the current year.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.